Vermilion Energy Inc (VET) Given Average Rating of “Buy” by Analysts

Shares of Vermilion Energy Inc (TSE:VET) (NYSE:VET) have received an average rating of “Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$57.38.

Several research firms have issued reports on VET. Canaccord Genuity increased their price objective on shares of Vermilion Energy from C$57.00 to C$60.00 in a report on Tuesday, July 10th. Raymond James decreased their price objective on shares of Vermilion Energy from C$52.00 to C$51.00 in a report on Friday, October 5th. JPMorgan Chase & Co. increased their price objective on shares of Vermilion Energy from C$49.00 to C$63.00 in a report on Saturday, July 14th. CIBC increased their price objective on shares of Vermilion Energy from C$55.00 to C$60.00 in a report on Friday, July 20th. Finally, CSFB raised shares of Vermilion Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$52.00 to C$65.00 in a report on Wednesday, July 11th.

VET opened at C$37.99 on Friday. Vermilion Energy has a 52-week low of C$37.96 and a 52-week high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Monday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.23 by C$0.10. The business had revenue of C$394.50 million for the quarter, compared to the consensus estimate of C$359.75 million. Vermilion Energy had a net margin of 2.94% and a return on equity of 2.23%.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a $0.23 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.27%. The ex-dividend date is Tuesday, October 30th.

In other Vermilion Energy news, Director Catherine L. Williams purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were purchased at an average cost of C$41.00 per share, with a total value of C$41,000.00. Also, Director Robert B. Michaleski purchased 2,370 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was acquired at an average cost of C$45.58 per share, for a total transaction of C$108,024.60. Over the last three months, insiders bought 8,370 shares of company stock worth $309,925.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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